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Fred Pennic, Editor-in Chief | HIT Consultant

Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant.

Daffodil Health Secures $4.6M for AI-Powered Healthcare Pricing & Admin Solution

by Fred Pennic 05/16/2024 Leave a Comment

Daffodil Health Secures $4.6M for AI-Powered Healthcare Pricing Solution

What You Should Know:  - Daffodil Health, a healthcare technology company, has secured $4.6M in seed funding to tackle the multi-billion dollar problem of wasted healthcare administrative costs led by Maverick Ventures with participation from Epic Ventures. - Daffodil Health is the brainchild of a team with over 100 years of combined experience in healthcare and technology, from companies like MultiPlan, Google, and McKinsey. They recognize the urgent need to overhaul the current
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Exo Works® Connect Simplifies Point-of-Care Ultrasound Implementation

by Fred Pennic 05/16/2024 Leave a Comment

Exo Works® Connect Simplifies Point-of-Care Ultrasound Implementation

What You Should Know:  - Exo (pronounced “echo”), a leader in medical imaging software and devices, announces Exo Works® Connect. The tailored solution streamlines the implementation and adoption of point-of-care ultrasound (POCUS) programs for healthcare organizations.  - Designed with caregiver needs in mind, Exo Works Connect empowers hospitals, clinics, medical schools, and master's level programs to overcome POCUS implementation challenges while ensuring security,
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Accenture Backs Turbine’s AI-Powered Platform to Accelerate Drug Discovery

by Fred Pennic 05/16/2024 Leave a Comment

Accenture Backs Turbine's AI-Powered Platform to Accelerate Drug Discovery

What You Should Know:  - Accenture Ventures, the venture capital arm of Accenture, has announced a strategic investment in Turbine, a company pioneering the use of predictive cell simulations for drug development.  - The investment aims to empower Turbine in extending its innovative technology to global biopharmaceutical companies seeking to unlock hidden biological insights and accelerate crucial drug development processes. Optimizing Drug Discovery with Simulated
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Manifold Gears Up for Growth with Leadership Team Expansion

by Executive Hires 05/16/2024 Leave a Comment

Manifold Gears Up for Growth with Leadership Team Expansion

What You Should Know:  - Manifold, a leading AI-powered clinical research platform, strengthens its leadership team with industry veterans following a successful $15M Series A funding round.  - The strategic expansion aims to accelerate Manifold's mission to automate manual workflows in clinical research, alongside esteemed partners like Indiana University Melvin and Bren Simon Comprehensive Cancer Center and Winship Cancer Institute of Emory University. Building a Team for
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Kyruus Health Expands National Provider Network to Include Virtual Behavioral Health Providers

by Fred Pennic 05/16/2024 Leave a Comment

Kyruus Health Expands National Provider Network to Include Virtual Behavioral Health Providers

What You Should Know:  - Kyruus Health, a leader in care access platforms, has announced a significant expansion of the Kyruus Network by integrating virtual behavioral health providers.  - The Kyruus Network enables health plans to expand their dataset, close care gaps, and boost access by making the provider directory actionable.  The Need for Action The need for accessible behavioral healthcare is undeniable. A survey by the American Psychological Association
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WakeMed to Deploy Regard’s AI Clinical Automation Platform Across Enterprise

by Fred Pennic 05/15/2024 Leave a Comment

WakeMed to Deploy Regard’s AI Clinical Automation Platform Across Enterprise

What You Should Know:  - WakeMed Health & Hospitals and Regard today announced a 3-year enterprise agreement to deploy Regard’s AI clinical automation tool to the system’s 3 acute care hospitals by the end of 2024. Regard will allow for improved documentation quality, and in turn, decrease physician burnout and improve patient care.  - The deployment of Regard’s AI-powered clinical automation platform aims to enhance documentation quality, reduce physician burden, and
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Transcarent Launches AI-Powered WayFinding for Personalized Healthcare Navigation

by Fred Pennic 05/15/2024 Leave a Comment

Transcarent Launches AI-Powered WayFinding for Personalized Healthcare Navigation

What You Should Know:  - Transcarent, a company dedicated to simplifying healthcare navigation, has launched WayFinding, a platform seamlessly combining AI and human support to guide users through their health journeys.  - WayFinding integrates benefits navigation, clinical guidance, and care delivery into a single, user-friendly platform. Addressing the Confusion Gap WayFinding tackles the major challenge of navigating the complexities of healthcare. With over 50% of
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Hospitals Grapple with Payment Delays, Two-Midnight Rule Expansion, and Outpatient Surgery Surge

by Fred Pennic 05/15/2024 Leave a Comment

Hospitals Grapple with Payment Delays, Two-Midnight Rule Expansion, and Outpatient Surgery Surge

-  Hospitals and health systems nationwide saw a sizable increase in delayed or missing payments in the first quarter, due in part to a recent, large-scale disruption to payment processing services, according to a new report from Strata Decision Technology.  - The report, leveraging data from Strata's extensive healthcare databases, unveils trends impacting hospitals, insurers, and patients alike. Delayed Payments Disrupt Revenue Streams A significant finding concerns a surge
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Butterfly Network Enters Bladder Market With iQ+ Bladder Scanner

by Fred Pennic 05/15/2024 Leave a Comment

Butterfly Network Enters Bladder Market With Launch of iQ+ Bladder

What You Should Know:  - Butterfly Network, a leader in transforming healthcare with portable ultrasound technology, has unveiled its first specialty product: the iQ+ Bladder™. This innovative solution empowers nurses and healthcare providers to conduct efficient and accurate bladder volume scans.  - iQ+ Bladder™ offers a fit-for-purpose ultrasound-based bladder scanner that helps nurses get automated bladder volume calculations, with 3D visualizations, in seconds. A Complete
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Advantus Health Partners and Warrior Outdoor Partner to Enhance Healthcare Delivery for Indigenous Communities

by Strategic Partnerships 05/15/2024 Leave a Comment

Advantus Health Partners and Alliant Purchasing Join Forces to Boost Purchasing Power for Members

What You Should Know:  - The COVID-19 pandemic served as a catalyst for adaptation and innovation across industries, and the healthcare sector was no exception. This is exemplified by the accelerated launch of Advantus Health Partners, a healthcare solutions and supply chain company, and the expansion of Warrior Outdoor, LLC into Personal Protective Equipment (PPE) to support their indigenous communities. - Now, these two organizations, united by a retail approach to healthcare
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